Unilever offered 50 billion pounds for GSK unit - report

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Unilever offered 50 cardinal  pounds for GSK portion   - report © Reuters. FILE PHOTO: General presumption extracurricular GlaxoSmithKline (GSK) office successful Brentford, London, Britain, May 4, 2020. REUTERS/Matthew Childs

LONDON (Reuters) -Consumer goods elephantine Unilever (NYSE:) made a bid towards the extremity of past twelvemonth for pharmaceutical radical Glaxosmithkline (LON:)'s user goods concern worthy astir 50 cardinal pounds ($68.4 billion), Britain's Sunday Times reported.

GSK and Pfizer (NYSE:), which owns a number involvement successful the division, were understood to person rejected the connection connected the ground that it was excessively low, the paper said.

The attack by Unilever, which owns brands specified arsenic Dove soap and Marmite, for Glaxo’s portfolio of household brands including Panadol painkillers and Sensodyne toothpaste was understood to person been unsolicited, it added.

Unilever's bid did not see immoderate takeover premium oregon designation of synergies, the paper said.

It was not wide whether Unilever would marque a higher connection and talks were not thought to beryllium live, it said.

Reuters has sought remark from the companies.

($1 = 0.7314 pounds)

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